Piper Aircraft Inc. released its aircraft delivery and revenue results for the second quarter, which increased compared with the same period in 2022. The company said its performance improved “across all metrics” as the overall general aviation market continued to stabilize.
Piper’s airplane deliveries for the recent quarter increased by seven, or almost 14 percent, while revenue rose by $9 million, or more than 19 percent. The results reflect strong demand for Piper’s M-Class high-performance top-endtop-ene models as well as its training aircraft.
Piper said the backlog for the M-Class retail backlog has grown into 2024, while the backlog for trainers extends to late 2025 and 2026, depending on the model.
“The demand of our high-performance M-Class family, featuring the turboprop M600/SLS and M500 as well as the piston-powered M350, is evident in our steady growth,” said John Calcagno, president and CEO of Piper Aircraft. “While new deliveries continue to be strong in Q2 2022, near new, used model availability remains at record lows of about two percent.At the same time, Seminole, Archer, and Pilot 100i sales increased 20 percent versus Q2 2022. We continue to see unprecedented demand for our robust trainers that are built for the rigors of real-world training environments, meeting the demands of world-class training academies all over the world.”
In addition to success in the domestic market, Piper reported sales around the world continue to grow, with international deliveries up by 50 percent compared with last year’s second quarter. The company also said its brisk delivery performance reflects the diversity of its model lineup, which makes its aircraft appealing to a wide range of pilots.